New York, N.Y., USA - April 3, 2015, New York, N.Y., USA - Ralph Lauren Corporation announced changes to its executive management team to align senior leadership roles with its shift to a global brand management business model.
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Jackwyn Nemerov will continue in her role as President & Chief Operating Officer and a member of the Company's Board of Directors.
During her tenure, Ms. Nemerov's leadership has been central to the Company's long and highly successful period of profitable global expansion. Reporting to Ms. Nemerov will be the Group Presidents for Europe, Asia-Pacific and the Americas in addition to Wholesale, Retail, e-commerce and Licensing.
Ms. Nemerov joined the Company in 2004, was named to the Board of Directors in 2007 and will continue to report directly to Mr. Lauren.
Christopher H. Peterson, previously Executive Vice President, Chief Administrative Officer and Chief Financial Officer, has been promoted to the newly created position of President, Global Brands.
Mr. Peterson's broad and in-depth experience in strategically transforming business and operating models from regional and market driven organizations to global brands during his tenure with the Procter & Gamble Company uniquely positions him to play a central leadership role in directing the Corporation's organizational transformation.
Reporting to Mr. Peterson will be the Global Brand Presidents, the Chief Financial Officer, Global Real Estate, and Investor Relations. Mr. Peterson joined the Company in 2012, and will continue to report directly to Mr. Lauren.
Mitchell A. Kosh, previously Executive Vice President of Human Resources, has been promoted to Executive Vice President and Chief Administrative Officer.
During his tenure with the Company, Mr. Kosh has played a key role in the development of a high performing and effective global organization. In this new role, Mr. Kosh will lead the integration of key functional areas to align with the new organizational architecture.
Reporting to Mr. Kosh will be the Global heads of Human Resources, Information Technology, Legal, Corporate Services and Facilities, Internal Branding and Communications, and Corporate Social Responsibility. Mr. Kosh, who joined the Company in 2000, will continue to report directly to Mr. Lauren.
Robert L. Madore, previously Senior Vice President of Finance, has been promoted to Senior Vice President and Chief Financial Officer.
During his tenure with the Company, Mr. Madore has held a number of key financial and operational roles. His deep understanding of both the financial and operational aspects of the Company make him ideally suited to assume the role of Chief Financial Officer.
Reporting to Mr. Madore will be the Accounting, Finance, Treasury, Tax and Internal Audit functions. In addition, Mr. Madore will share oversight and management of divisional financial operations. Mr. Madore joined the Company in 2004 and will continue to report to Mr. Peterson.
Valerie Hermann will continue in her role as President of Ralph Lauren Luxury Brands.
Ms. Hermann joined the Company in April of 2014. Her formidable experience honed over many years within the luxury sector at companies including Christian Dior, and as President of Yves Saint Laurent, has enabled her to build a strategic framework for the company's luxury collections. ■